EX-12.1 3 prgs3a402ex121.txt STATEMENT RE: COMPUTATION EXHIBIT 12.1 STATEMENT RE: COMPUTATION OF RATIOS (AMOUNTS IN THOUSANDS, EXCEPT RATIO AMOUNTS) (UNAUDITED)
YEARS ENDED DECEMBER 31, ------------ --------- --------- -------- ------------ 2001 2000 1999 1998 1997 ------------ --------- --------- -------- ------------ Earnings from continuing operations before income taxes $10,927 $9,975 $33,272 $22,332 $14,915 Add: Interest expense 3,833 4,724 1,675 384 3 Amortization of debt costs 1,147 546 559 19 -- Interest portion of rental charges (1) 1,300 1,340 1,060 720 700 ------------ --------- --------- -------- ------------ Total earnings $17,207 $16,585 $36,566 $23,455 $15,618 ============ ========= ========= ======== ============ Fixed charges: Interest expense $3,833 $ 4,724 $ 1,675 $ 384 $ 3 Amortization of debt costs 1,147 546 559 19 -- Interest portion of rental charges (1) 1,130 1,340 1,060 720 700 ------------ --------- --------- -------- ------------ Total fixed charges $6,280 $ 6,610 $ 3,294 $1,123 $ 703 ============ ========= ========= ======== ============ Ratio of Earnings to Fixed Charges 2.74X 2.51x 11.10x 20.89x 22.22x ============ ========= ========= ======== ============
(1) Estimated portion of rental expenses deemed to be equivalent to interest (20% of rental expenses). 1458661v1